Define: Allotted Time

How is Allotted Time defined in a legal contract?

• Allotted Time means the maximum duration in which all required tasks for a participant need to be fulfilled. The Allotted Time period is not confined by interruptions. Its commencement is marked by the point of referral and accommodates unexpected scenarios for completion of remaining tasks during the operation phase. Seen in 15 SEC filings.
• Allotted Time means a maximum given time period of uninterrupted duration. The time begins from the point the recorded provision start. This is the maximum time a claimant can spend on a provision. Seen in 1 SEC filing.
• Allotted Time means the maximum duration during which a Claimant can use the Services, generally defined as twenty-six weeks. Seen in 1 SEC filing.
• Allotted Time means an uninterrupted period starting from the point of referral. It gives providers a set period to fulfill service requirements and achieve completion outcome fees. Seen in 1 SEC filing.

Please note, some definitions have been simplified to maintain clarity and consistency without compromising their intended meanings in a legal context.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of allotted time' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Allotted Time means the uninterrupted maximum duration within which all required tasks need to be completed from the defined starting point.

Relevant Contract Types

• Service Level Agreement
• Consultancy Agreement
• Project Management Contract

Relevant Circumstances

• Set up of new operations or systems
• Deadlines for deliverables
• Terms and conditions of project execution

Relevant Sectors

• Information Technology
• Construction
• Consulting

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Genie Definition 2

Allotted Time means the maximum period a claimant can receive the services; starts at the point of provision commencement.

Relevant Contract Types

• Subscription Agreement
• Terms of Service
• Insurance Policy

Relevant Circumstances

• Period of service provision
• Commencement of services following a purchase agreement
• Duration of policy coverage

Relevant Sectors

• Insurance
• Telecommunications
• Software as a Service (SaaS)

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